Dell Technologies (NYSE:DELL) Price Target Raised to $120.00 at Deutsche Bank Aktiengesellschaft

Dell Technologies (NYSE:DELL) had its price target increased by research analysts at Deutsche Bank Aktiengesellschaft from $100.00 to $120.00 in a research report issued to clients and investors on Monday, PriceTargets.com reports. The brokerage presently has a “buy” rating on the technology company’s stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 18.25% from the company’s current price.

Other equities analysts have also issued reports about the stock. Evercore ISI increased their price objective on shares of Dell Technologies from $105.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, April 15th. The Goldman Sachs Group upgraded shares of Dell Technologies from a “neutral” rating to a “buy” rating and increased their price objective for the company from $68.00 to $96.00 in a report on Tuesday, February 2nd. Argus started coverage on shares of Dell Technologies in a report on Wednesday, January 20th. They issued a “buy” rating on the stock. Raymond James increased their target price on shares of Dell Technologies from $92.00 to $113.00 and gave the stock an “outperform” rating in a report on Thursday, April 15th. Finally, UBS Group upgraded shares of Dell Technologies to a “buy” rating and increased their target price for the stock from $90.00 to $110.00 in a report on Thursday, April 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $90.53.

Dell Technologies stock opened at $101.48 on Monday. The stock has a market cap of $77.40 billion, a P/E ratio of 31.91, a P/E/G ratio of 0.95 and a beta of 0.96. Dell Technologies has a 12 month low of $37.20 and a 12 month high of $103.80. The company’s fifty day simple moving average is $89.74 and its 200-day simple moving average is $76.47. The company has a quick ratio of 0.70, a current ratio of 0.77 and a debt-to-equity ratio of 7.29.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Thursday, February 25th. The technology company reported $2.70 EPS for the quarter, beating the Zacks’ consensus estimate of $2.19 by $0.51. The business had revenue of $26.15 billion during the quarter, compared to analyst estimates of $24.48 billion. Dell Technologies had a net margin of 2.63% and a return on equity of 124.18%. On average, equities research analysts expect that Dell Technologies will post 6.25 earnings per share for the current fiscal year.

In other news, General Counsel Richard J. Rothberg sold 177,471 shares of the firm’s stock in a transaction dated Wednesday, March 17th. The shares were sold at an average price of $90.00, for a total transaction of $15,972,390.00. Following the completion of the sale, the general counsel now owns 347,495 shares in the company, valued at approximately $31,274,550. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Thomas W. Sweet sold 200,000 shares of the firm’s stock in a transaction dated Monday, March 22nd. The stock was sold at an average price of $87.74, for a total transaction of $17,548,000.00. Following the sale, the chief financial officer now owns 284,968 shares of the company’s stock, valued at approximately $25,003,092.32. The disclosure for this sale can be found here. In the last three months, insiders sold 633,754 shares of company stock valued at $52,887,145. Insiders own 48.30% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Dupont Capital Management Corp lifted its stake in shares of Dell Technologies by 14.9% during the 4th quarter. Dupont Capital Management Corp now owns 20,403 shares of the technology company’s stock worth $1,495,000 after buying an additional 2,642 shares during the last quarter. Ropes Wealth Advisors LLC lifted its stake in shares of Dell Technologies by 15.0% during the 4th quarter. Ropes Wealth Advisors LLC now owns 6,584 shares of the technology company’s stock worth $483,000 after buying an additional 860 shares during the last quarter. Aperio Group LLC lifted its stake in shares of Dell Technologies by 3.8% during the 4th quarter. Aperio Group LLC now owns 213,907 shares of the technology company’s stock worth $15,678,000 after buying an additional 7,798 shares during the last quarter. Lyrical Asset Management LP lifted its stake in shares of Dell Technologies by 0.3% during the 4th quarter. Lyrical Asset Management LP now owns 4,956,382 shares of the technology company’s stock worth $363,253,000 after buying an additional 13,756 shares during the last quarter. Finally, Royal London Asset Management Ltd. raised its stake in Dell Technologies by 5.3% in the 1st quarter. Royal London Asset Management Ltd. now owns 87,882 shares of the technology company’s stock worth $7,747,000 after purchasing an additional 4,434 shares in the last quarter. Institutional investors own 27.38% of the company’s stock.

About Dell Technologies

Dell Technologies Inc designs, develops, manufactures, markets, sells, and support IT hardware, software, and services solutions worldwide. It operates through three segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. The ISG segment provides traditional and next-generation storage solutions; and rack, blade, tower, and hyperscale servers.

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